The Descartes Systems Group (NASDAQ:DSGX) Releases Earnings Results, Meets Expectations

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) posted its quarterly earnings data on Wednesday. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43, Zacks reports. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.

The Descartes Systems Group Trading Up 1.9 %

NASDAQ:DSGX opened at $110.92 on Thursday. The business’s 50-day moving average is $114.83 and its 200 day moving average is $110.17. The Descartes Systems Group has a 12 month low of $85.15 and a 12 month high of $124.31. The company has a market capitalization of $9.50 billion, a P/E ratio of 69.76 and a beta of 0.99.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective for the company. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Finally, StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.